Nvidia being allowed to sell a more advanced AI chip in China could offer increased competition for local chipmakers, who are attempting to develop their own rival AI chips. Sales of the H200 could also shift demand away from local chipmakers and undermine Beijing’s efforts for complete self-reliance in AI.

China Vanke's onshore bonds fell on Friday to record lows, as concerns about the developer grew after it sought to delay an onshore bond repayment for the first time. Yuan bond issued by China Vanke due in March 2027 slumped 22.